Tianshan Aluminum (China) Price on March 19, 2024
| 002532 Stock | 8.44 0.24 2.93% |
Below is the normalized historical share price chart for Tianshan Aluminum Group extending back to December 31, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tianshan Aluminum stands at 8.44, as last reported on the 11th of December 2024, with the highest price reaching 8.66 and the lowest price hitting 8.16 during the day.
If you're considering investing in Tianshan Stock, it is important to understand the factors that can impact its price. Tianshan Aluminum appears to be somewhat reliable, given 3 months investment horizon. Tianshan Aluminum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Tianshan Aluminum's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Tianshan Aluminum's Semi Deviation of 2.54, coefficient of variation of 820.94, and Risk Adjusted Performance of 0.0956 to confirm if our risk estimates are consistent with your expectations.
At present, Tianshan Aluminum's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 5.6 B, whereas Other Stockholder Equity is projected to grow to (169.3 K). . Tianshan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 7.3763 | 50 Day MA 8.2944 | Beta 1.085 |
Tianshan |
Sharpe Ratio = 0.2027
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.1 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Tianshan Aluminum is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tianshan Aluminum by adding it to a well-diversified portfolio.
Price Book 1.4359 | Enterprise Value Ebitda 8.9044 | Price Sales 1.3908 | Shares Float 1.8 B | Dividend Share 0.15 |
Tianshan Aluminum Valuation on March 19, 2024
It is possible to determine the worth of Tianshan Aluminum on a given historical date. On March 19, 2024 Tianshan was worth 5.91 at the beginning of the trading date compared to the closed value of 5.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tianshan Aluminum stock. Still, in general, we apply an absolute valuation method to find Tianshan Aluminum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tianshan Aluminum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tianshan Aluminum's related companies.
| Open | High | Low | Close | Volume | |
| 5.92 | 5.96 | 5.84 | 5.91 | 45,518,126 | |
03/19/2024 | 5.91 | 6.01 | 5.88 | 5.89 | 34,358,159 |
| 5.87 | 5.94 | 5.84 | 5.91 | 30,432,259 |
| Backtest Tianshan Aluminum | | | Tianshan Aluminum History | | | Tianshan Aluminum Valuation | Previous | Next |
Tianshan Aluminum Trading Date Momentum on March 19, 2024
| On March 20 2024 Tianshan Aluminum Group was traded for 5.91 at the closing time. The highest price during the trading period was 5.94 and the lowest recorded bid was listed for 5.84 . The volume for the day was 30.4 M. This history from March 20, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.34% . The trading price change to the current price is 4.75% . |
Tianshan Aluminum Fundamentals Correlations and Trends
By evaluating Tianshan Aluminum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tianshan Aluminum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tianshan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tianshan Aluminum Stock history
Tianshan Aluminum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tianshan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tianshan Aluminum will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tianshan Aluminum stock prices may prove useful in developing a viable investing in Tianshan Aluminum
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.3 B | 3.2 B | |
| Net Income Applicable To Common Shares | 3 B | 3.2 B |
Tianshan Aluminum Stock Technical Analysis
Tianshan Aluminum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Tianshan Aluminum Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tianshan Aluminum Group cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tianshan Aluminum December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tianshan Aluminum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tianshan Aluminum shares will generate the highest return on investment. By undertsting and applying Tianshan Aluminum stock market strength indicators, traders can identify Tianshan Aluminum Group entry and exit signals to maximize returns
Tianshan Aluminum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tianshan Aluminum's price direction in advance. Along with the technical and fundamental analysis of Tianshan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tianshan to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0806 | |||
| Treynor Ratio | 1.78 |
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Complementary Tools for Tianshan Stock analysis
When running Tianshan Aluminum's price analysis, check to measure Tianshan Aluminum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tianshan Aluminum is operating at the current time. Most of Tianshan Aluminum's value examination focuses on studying past and present price action to predict the probability of Tianshan Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tianshan Aluminum's price. Additionally, you may evaluate how the addition of Tianshan Aluminum to your portfolios can decrease your overall portfolio volatility.
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